Today, the cryptocurrency prices are showing a bearish trend, with Bitcoin (BTC) and major Altcoins declining. XRP dropped 5%, making it the worst performer among the top cryptocurrencies. In contrast, Chainlink (LINK) was the biggest gainer, rising 6% in the past 24 hours.
The overall market capitalization declined by around 2% to $3.65 trillion. Trading volume increased by 2% to $155 billion. These trends reflect the volatility in the current cryptocurrency prices.
Here is a brief overview of some major cryptocurrencies by market capitalization and their prices today (December 9).
Cryptocurrency Prices Today: BTC Reaches $99,000, ETH, XRP, SOL Decline
The price of Bitcoin (BTC) suddenly dropped $2,000, from $101,000 to $99,000. Major Altcoins followed the downward trend of Bitcoin, declining 2% to 5%. MEME coins also faced a bearish sentiment, with Doge (DOGE) and Shiba Inu (SHIB) dropping 2% to 4%. Today's cryptocurrency prices indicate that the entire market is in a correction, reflecting cautious investor sentiment.
Bitcoin Price Today
As of the time of writing, the price of Bitcoin (BTC) is $99,245, down 1% in the past 24 hours. Its 24-hour low and high were $98,698 and $101,324, respectively. Bitcoin's market capitalization is $1.96 trillion, with a trading volume of $50 billion and a market dominance of 54.03%.
On the development front, Bitcoin entered a bullish phase following Donald Trump's victory in the US presidential election. Reports suggest that the Trump administration is considering establishing a strategic Bitcoin reserve for the country. Additionally, MicroStrategy founder and chairman Michael Saylor has also been involved in discussions regarding the proposed Bitcoin reserve, garnering significant attention from the crypto community.
Ethereum Price Today
The trading price of Ethereum (ETH) is $3,951, with a 24-hour low of $3,925 and a high of $4,015. Its market capitalization is $475 billion, with a 24-hour trading volume of $24 billion. Ethereum maintains a 13% market dominance, remaining the second-largest cryptocurrency by market cap. Given the strong performance of cryptocurrencies today, Ethereum continues to be a major player in the market.
XRP Price Today
The price of XRP is $2.489, with a 24-hour low of $2.469 and a high of $2.639. Its market capitalization is $142 billion, with a 24-hour trading volume of $11 billion. XRP's market share is 3.91%, reflecting its position among the top cryptocurrencies by market cap.
Solana Price Today
The trading price of SOL is $232, with a 24-hour low of $231 and a high of $241. Its market capitalization is $110 billion, with a 24-hour trading volume of $3 billion. Solana is currently ranked fifth by market cap, with a market share of 3%. Today's cryptocurrency prices have seen moderate volatility for Solana, reflecting its continued market performance.
Cryptocurrency analysts predict that Solana's price could reach $420 during the upcoming holiday season. This forecast is based on expected demand growth and the positive market sentiment surrounding the token.
Meme Crypto Prices Today
Top meme coins also followed the market trend, showing a downward movement. DOGE declined 2%, trading at $0.45, and SHIB dropped 4%, currently trading at $0.00003131. Other popular meme coins, such as BONK and WIF, fell between 4% and 6%. However, PEPE was an exception, rising 4% to trade at $0.00002684.
For Shiba Inu, a positive development is that its Layer 2 scaling solution, Shibarium, reached an important milestone, surpassing 2 million wallets in 16 months since its launch. Today's cryptocurrency prices reflect a mixed performance in the meme coin market, with some coins seeing small gains, while others continued to decline.
Highest Cryptocurrency Gainers Today
Chainlink
Chainlink (LINK) was the biggest gainer in the past 24 hours, rising 8%. Its trading price is $26.82, with a 24-hour low of $24.71 and a high of $27.22. LINK's market capitalization is $17 billion, still ranking among the top 20 cryptocurrencies by market cap, reflecting its strong performance in the market.
Mantle
Mantle (MAN) price is $1.20, up 5% in the past 24 hours. Its 24-hour low and high were $1.16 and $1.34, respectively. Its market capitalization is $4 billion.
Pepe
Pepe (PEPE) price increased by 4%, trading at $0.0000266, with a 24-hour high of $0.00002746. Its market capitalization is $11 billion.
Biggest Cryptocurrency Losers Today
Peanut
Peanut (PNUT) price declined 12% in the past 24 hours, trading at $1.39. Its market capitalization is $1.38 billion. It was the worst-performing top token today.
EOS
EOS (EOS) trading price is $1.26, down 7% in the past 24 hours. Its 24-hour low and high were $1.25 and $1.34, respectively. Its market capitalization is $1.9 billion.
Jupiter
Jupiter (JUP) trading price is $1.29, down 6% in the past 24 hours. Its 24-hour high was $1.38, and its market capitalization is $1.75 billion. It was the third-worst performer among cryptocurrencies today.
The hourly chart shows a bearish trend in the cryptocurrency market, with major Altcoins declining in the past hour. Bitcoin (BTC) is down around 1%, and major Altcoins are down 0.5% to 2%. Today's cryptocurrency prices reflect a downward momentum, indicating short-term pressure on the leading cryptocurrencies.
